BOYANOV & Co. Advises on the Financing of the Acquisition of Nova TV
BOYANOV & Co. advised the lenders of a EUR 100 million syndicated financing arranged by UniCredit Bulbank and BNP Paribas and a lending syndicate including them, DSK Bank and United Bulgarian Bank for the acquisition by Advance Media Group of Nova TV from MTG and EEMH.
The deal was completed on 10 April 2019 in a record short period of time for a deal of this type (two and a half months from the start of the negotiations on the financing documents until closing of the financing).
BOYANOV & Co. advised the lenders on the drafting and negotiations of an LMA based syndicated facilities agreement, closing escrow mechanism and financing related aspects of the share purchase agreement. The original lenders are UniCredit Bulbank AD, BNP Paribas Fortis SA/NV, DSK Bank EAD and United Bulgarian Bank AD.
BOYANOV & Co.’s team was led by partner Damian Simeonov and included senior associates Georgi Drenski and Ralitsa Nedkova.
More information is available at: https://www.mtg.com/press-releases/mtg-completes-sale-of-nova-to-advance-media-group/
Copyright picture: pixabay.com